The market continued to be weak on Wednesday, with bears dominating the short term. The K-line rebounded but encountered key resistance and fell back, showing a 'rebound-fall' cycle.

Technical Analysis: MACD bears are arranged below the zero line, and RSI is oversold without obvious divergence.

Trading Suggestions: Short bitcoin around 113600-114100, target 112000; short ether around 4150-4180, target 4050.